Extended Tax Credit!

Yesterday, the House pushed through a three month closing extension of the homebuyer tax credit.

Tonight, the Senate unanimously approved the bill — leaving the President to ratify the provision by signing it into law, as early as tomorrow morning.

“I thank my colleagues for joining me to pass this important extension and giving homebuyers in Nevada and around the country the opportunity to purchase their first home,” said Sen Harry Reid (D-NV), in a statement following the bill’s passage.

“In addition to helping thousands of families experience the American dream, this successful and popular program provides a much needed boost to Nevada’s housing market and economy.”

The deadline for the tax credit was midnight tonight but only if the mortgage went through, so with Obama’s signature, it would have been possible that no contracts currently under offer — but unable to close — would fall through the cracks with the extended deadline.

The Senate approved provision will give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000.

If the President signs the bill into law tomorrow, it is unclear if the provision will apply retroactively to deals that close on Thursday, July 1.

Large Sandy Townhouse is ready to move into!

Price: $190,000

 Type: Condo/Townhome

 Bedrooms: 5

 Bathrooms: 2 Full, 1 Partial

 Garage: 2

 Square Feet: 2,416

RECENT PRICE REDUCTION! Amazing Sandy townhouse for sale at a great price! End unit with a 2-car garage, private backyard with plenty of room to entertain or to just relax and enjoy the surroundings. New stove, new paint, and newer carpet throughout. Basement was recently finished with plenty of room and light.  The master bedroom is huge and has plenty of closet space.  HOA offers a great pool and clubhouse as well as the association offering plenty of on-site RV and boat storage. Call Scott Robbins today to arrange a tour of this wonderful townhouse 801-209-1120

http://www.circlepix.com/tours/5?wfrnum=965170

Amazing Remodel in Sandy…5 bedrooms

Price: $278,000

 Type: Single Family

 Bedrooms: 5

Bathrooms: 2 Full, 1 Partial

Garage: 2

Square Feet: 2,640

This home has it all. Totally remodeled kitchen with 2 ovens, stainless steel appliances, granite countertops and cabinets. New carpet, new tile and 2-tone paint throughout. New central A/C, sprinklers system, and deck. Garage has tons of storage with an oversized loft for extra space. Yard has plenty of room with a vegetable garden. This beautiful home is sure to impress!

http://www.circlepix.com/tours/5?wfrnum=965534

Median Home Prices Up In 60% of Cities in 1st Quarter

WASHINGTON (AP) — Home prices rose in nearly 60% of U.S. cities in the first quarter of this year, the National Association of Realtors says. The median sales price for previously occupied homes rose in 91 out of 152 metropolitan areas tracked in the January-March quarter versus a year ago. There were double-digit price increases in 29 cities.

CHART: Median sales price by metro area

 That’s a sharp improvement from the fourth quarter of last year, when prices rose in about 40% of cities. The national median price was $166,100, or 0.7% below the first quarter of last year.

 Sales of foreclosures and other distressed properties made up 36% of all sales in the first quarter.

 The largest percentage price increase was in Saginaw, Mich., where the median price doubled to nearly $61,000. Prices in Akron, Ohio were up 95% to about $95,000. Prices in Cleveland were up 54% to $106,400.

 The largest price decline was in Orlando, where they dropped 15% to nearly $132,000. Prices in Ocala, Fla., fell 14.5% to a median of nearly $93,000. Prices in Cumberland, Md., fell 14.4% to $98,300.

3rd Quarter Real Estate Figures for Salt Lake County

Sales down 11% year over year (949 vs 1,161)

Median Price: down 7% year over year ($205,000 vs $220,000)

Median price per Square Foot: down 9% year over year ($104.22 vs $111.40)

All numbers compare 2009 3rd Quarter to 2008 3rd Quarter.

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